Home / Knowledge / News / Textiles / Novozymes unveils new corporate strategy
Novozymes unveils new corporate strategy
23
Jan '15
Novozymes unveiled its new corporate strategy titled, ‘Partnering for impact’, which is accompanied by a new set of long-term social, environmental and financial targets.

It also includes a new purpose statement which reads, ‘Together, we find biological answers for better lives in a growing world – Let’s rethink tomorrow’.

The new strategy sets out four focus areas for Novozymes, namely; Rally for change, Lead innovation, Focus on opportunities and Grow people.

“These focus areas will not only be addressed at a corporate level but also be reflected in the separate strategies for each industry area,” Novozymes said in a statement.

“As part of our new purpose and strategy, we have set a series of long-term targets to assess how we are doing,” says CEO Peder Holk Nielsen.

He adds, “Over the next five years we aim to reach, educate, catalyze, deliver, save and enable to make a lasting difference.”
According to Novozymes’, its enzymatic solutions should reach 6 billion people by 2020, while simultaneously striving to educate 1 million people about the potential of biology.

The company aims to partner with key public and private organizations – to catalyse five global partnerships for change.

Novozymes wants to deliver 10 transformative innovations that change the lives of many people, and save 100 million tons CO2 through the use of their products by 2020.

Novozymes’ also updated its long-term organic sales growth target to 8-10 per cent in local currency on average throughout the period from 2015 to 2020.

This replaces the previous target of above 10 per cent and reflects the current visibility of the global economy and end markets and innovation pipeline.

EBIT margin has also been updated from more than 24 per cent to 26 per cent and above, and is expected to be achievable through 2015 to 2020.

The updated long-term target for ROIC including goodwill is 25 per cent and above, and replaces the previous target of more than 22 per cent and is expected to be reached throughout the period. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search